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Danaher Crosses Below its 10-day MA (DHR)

By Nick Russo

Danaher (NYSE:DHR) crossed under its 10-day moving average of $77.83 on a volume of 678K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Danaher share prices have moved between a 52-week high of $102.79 and a 52-week low of $76.15 and are now trading 1% above that low price at $76.92 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.2%.

SmarTrend is tracking the current trend status for Danaher and will alert subscribers who have DHR in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses danaher

Ticker(s): DHR